Global Hot Dogs and Sausages Market 2017-2021
About Hot Dogs and Sausages
Sausages are cylindrical meat products that are made from different kinds of ground meat, along with various ingredients such as salt, seasonings, spices, and fillers. Meat varieties like pork, beef, veal, turkey, or a combination of any of these are used in the preparation of sausages. They can be sold in either cooked or uncooked forms and are made by curing, drying, and cooking (smoking or freezing). They are mainly available in three forms such as fresh, cooked, and dried. Hot dogs, also known as frankfurters, are cooked sausages and are combinations of meat trimmings, seasonings, and preservatives. Many brands also prepare hot dogs that are made with pork, turkey, chicken, or a combination of any of these. Hot dogs can be cooked by steaming, grilling, or frying. They are often consumed with buns and are topped with different sauces such as mustard, ketchup, and mayonnaise.
Technavio’s analysts forecast the global hot dogs and sausages market to grow at a CAGR of 3.22% during the period 2017-2021 .
Covered in this report
The report covers the present scenario and the growth prospects of the global hot dogs and sausages market for 2017-2021 . To calculate the market size, the report considers the revenue generated from the sales of hot dogs and sausages.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hot Dogs and Sausages Market 2017-2021
Technavio recognizes the following companies as the key players in the global hot dogs and sausages market: Bar-S Foods, Goodman Fielder, Hormel Foods, Nestlé, Smithfield Foods, and Tyson Foods
Other Prominent Vendors in the market are: CAMPOFRIO FOOD GROUP, Johnsonville, KENT QUALITY FOODS, Kunzler & Company, Sigma Alimentos, Tasty-Bake, TC Fines & Sons, The Franconian Sausage Company, The Galloping Goose Sausage Company, Vienna Beef, and Westaway Sausages.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising demand for organic sausages. With growing health-consciousness, consumers are shifting toward healthier varieties of hot dogs and sausages. Along with taste, consumers also look for healthier variations to traditional sausages. Organic production is a sustainable and environmentally safe way of producing. Meats are extracted from animals who are raised without the use of any antibiotics, are fed natural feed, and are not genetically modified. Thus, the meat of such animals is safe to consume.”
According to the report, one of the major drivers for this market is Increasing demand from millennials. Millennial have a significant impact on the consumers’ dietary patterns. Millennials seek for healthy and variety of food alternatives and options. Thus, food manufacturers are creating innovative and healthy alternatives to attract millennials. Millennials consider food customization and variation as their need rather than the luxury. They spend more than boomers and also have the preference for fast foods because of the convenience and ease of preparation.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuating meat prices. Beef, pork, and chicken are basic raw materials that are required to make sausages. Thus, notable changes or fluctuations in the price of these raw materials will directly impact the production and price of hot dogs and sausages. Prices of meat are also affected by the outbreak of animal diseases. The price of beef has increased to more than three times in 2016, because of the combination of many factors. Persistent drought conditions in Texas, US and the increase in the price of cattle feed have affected the price of beef.
Bar-S Foods, Goodman Fielder, Hormel Foods, Nestlé, Smithfield Foods, Tyson Foods, CAMPOFRIO FOOD GROUP, Johnsonville, KENT QUALITY FOODS, Kunzler & Company, Sigma Alimentos, Tasty-Bake, TC Fines & Sons, The Franconian Sausage Company, The Galloping Goose Sausage Company, Vienna Beef, and Westaway Sausages.
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